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From a conceptual point of view there is little consensus of what should be the “ideal indicator” of international cost and price competitiveness as each of the standard measures typically employed has its own merits and drawbacks. This calls for addressing the question from an empirical...
Persistent link: https://www.econbiz.de/10011604879
a key component of attempts to reshore production and are an increasingly popular trade policy instrument in general … implemented unilaterally or induce a retaliation from trade partners, and also the extent to which they reduce domestic …
Persistent link: https://www.econbiz.de/10014543650
significant predictors of reversals across all regimes, reserve coverage, credit booms, openness to trade and the US short term …
Persistent link: https://www.econbiz.de/10013082531
Against the background of the rapid integration of emerging Asia into the global economy, this paper investigates the role of domestic and external factors in driving individual emerging economies in Asia. We estimate VAR models for ten countries over the period 1979Q1-2003Q4, controlling for...
Persistent link: https://www.econbiz.de/10012778007
manufacturing and pre-existing trade links with China and India help advanced countries to maximise the growth dividend resulting …
Persistent link: https://www.econbiz.de/10011605665
The European Single Market created a common market for millions of Europeans. However, thirty years after its introduction, it appears that the benefits of the common European project are occasionally being questioned at least by some parts of the population. Others, by contrast, strive for...
Persistent link: https://www.econbiz.de/10012422054
whether the historically well-documented relationship between growth, real exchange rates and trade protectionism has broken … dataset which considers a wide range of trade policies stretching beyond the traditionally considered tariff and trade defence … measures. We find that the specter of protectionism has not been banished: Countries continue to pursue more trade …
Persistent link: https://www.econbiz.de/10013072606
The European Single Market created a common market for millions of Europeans. However, thirty years after its introduction, it appears that the benefits of the common European project are occasionally being questioned at least by some parts of the population. Others, by contrast, strive for...
Persistent link: https://www.econbiz.de/10012836795
We study how monetary policy shapes the aggregate and distributional effects of an energy price shock. Based on the observed heterogeneity in consumption exposures to energy and household wealth, we build a quantitative small open-economy HANK model that matches salient features of the Euro Area...
Persistent link: https://www.econbiz.de/10015199468
This paper examines the asymmetry in global spillovers from Fed policy across tightening versus easing episodes several examples of which have been on display since the global financial crisis (GFC). We build a dynamic general equilibrium model featuring: (i) occasionally binding collateral...
Persistent link: https://www.econbiz.de/10015199532